Moody’s Corporation $MCO Shares Sold by Raub Brock Capital Management LP

Raub Brock Capital Management LP lessened its position in shares of Moody’s Corporation (NYSE:MCO) by 4.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 32,592 shares of the business services provider’s stock after selling 1,541 shares during the period. Moody’s accounts for about 3.6% of Raub Brock Capital Management LP’s portfolio, making the stock its 13th biggest holding. Raub Brock Capital Management LP’s holdings in Moody’s were worth $16,348,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC grew its holdings in Moody’s by 1,000.0% during the 1st quarter. Wolff Wiese Magana LLC now owns 55 shares of the business services provider’s stock worth $26,000 after acquiring an additional 50 shares in the last quarter. Saudi Central Bank acquired a new position in Moody’s during the 1st quarter worth approximately $30,000. ORG Partners LLC grew its holdings in Moody’s by 50.0% during the 2nd quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock worth $33,000 after acquiring an additional 22 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings in Moody’s by 42.9% during the 2nd quarter. Central Pacific Bank Trust Division now owns 80 shares of the business services provider’s stock worth $40,000 after acquiring an additional 24 shares in the last quarter. Finally, Maryland Capital Advisors Inc. acquired a new position in Moody’s during the 2nd quarter worth approximately $47,000. Institutional investors and hedge funds own 92.11% of the company’s stock.

Analyst Upgrades and Downgrades

MCO has been the subject of several analyst reports. Mizuho boosted their price target on shares of Moody’s from $496.00 to $532.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Barclays boosted their price target on shares of Moody’s from $520.00 to $580.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Wells Fargo & Company boosted their price objective on shares of Moody’s from $595.00 to $597.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Oppenheimer boosted their price objective on shares of Moody’s from $552.00 to $563.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Moody’s in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Moody’s has an average rating of “Moderate Buy” and an average price target of $541.21.

Moody’s Stock Up 1.0%

Shares of NYSE:MCO opened at $488.24 on Wednesday. The firm has a 50 day simple moving average of $502.56 and a 200-day simple moving average of $482.23. Moody’s Corporation has a twelve month low of $378.71 and a twelve month high of $531.93. The company has a market capitalization of $87.40 billion, a PE ratio of 41.48, a P/E/G ratio of 2.99 and a beta of 1.41. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.70.

Moody’s (NYSE:MCO) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $3.56 EPS for the quarter, beating the consensus estimate of $3.39 by $0.17. Moody’s had a net margin of 29.18% and a return on equity of 60.73%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm earned $3.28 EPS. Moody’s’s revenue for the quarter was up 4.5% on a year-over-year basis. Moody’s has set its FY 2025 guidance at 13.500-14.000 EPS. On average, equities analysts predict that Moody’s Corporation will post 13.95 EPS for the current fiscal year.

Moody’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were given a $0.94 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.76 annualized dividend and a yield of 0.8%. Moody’s’s dividend payout ratio is 31.95%.

Insider Transactions at Moody’s

In related news, CFO Noemie Clemence Heuland sold 897 shares of the company’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $508.24, for a total value of $455,891.28. Following the completion of the sale, the chief financial officer owned 2,148 shares in the company, valued at $1,091,699.52. This represents a 29.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Richard G. Steele sold 1,457 shares of the company’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $508.83, for a total transaction of $741,365.31. Following the completion of the sale, the senior vice president owned 1,386 shares of the company’s stock, valued at approximately $705,238.38. This trade represents a 51.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,423 shares of company stock worth $4,812,135 over the last 90 days. Company insiders own 0.14% of the company’s stock.

Moody’s Company Profile

Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.